Average Hourly Earnings of All Employees, Other Services
CES8000000003 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
32.71
Year-over-Year Change
2.47%
Date Range
3/1/2006 - 7/1/2025
Summary
Tracks average hourly earnings for employees in the Other Services sector. Provides insights into wage trends in specialized service industries.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
Measures compensation rates for workers in service sectors outside primary industry classifications. Indicates economic health and labor market conditions.
Methodology
Calculated through comprehensive employer payroll and wage surveys.
Historical Context
Important indicator for understanding service sector compensation and economic performance.
Key Facts
- Covers diverse service industry workers
- Reflects economic compensation trends
- Excludes government and private household services
FAQs
Q: What services are included in this category?
A: Includes repair services, personal care, and other miscellaneous service industries.
Q: How do these earnings compare to other sectors?
A: Often varies based on skill levels and specific service sub-categories.
Q: How frequently is this data updated?
A: Monthly updates provide current wage trend information.
Q: Why are these earnings important?
A: Indicates economic health, consumer spending potential, and labor market dynamics.
Q: What factors influence these earnings?
A: Economic conditions, industry demand, and skill requirements impact wage levels.
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Citation
U.S. Federal Reserve, Average Hourly Earnings of All Employees, Other Services (CES8000000003), retrieved from FRED.